Financial news

Quotations decrease at precious metals market.

As of 28 November the situation at precious metals market was characterized by quotations decrease. Today during morning trade session in Asia gold was traded in the range $808,00-$791,00 per ounce. At the opening of New York commodity exchange the gold at bid increased a little and achieved the mark $808,00, afterwards, it decreased a little. 27 November the closing at New York commodity exchange was fixed at the figure $813,80.

Prices for gold and other precious metals at bid decreased as a result of income fixation on speculative positions which was to a considerable extent provoked by oil prices landslide. Its contribution was made also by US dollar. Precious metals market followed oil market and euro rate. We forecast that high oil prices and low US dollar rate will allow «gold quotations» to become more expensive by $850,00 per troy ounce already by middle of December, and then positions closing and temporary quotations closing should occur.

London morning fixing 27 November made up $796,50 per ounce, while the rate of the National Bank of Ukraine was set at the mark $823,25 per ounce.

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